# WAD Capital

WAD Capital is a Private Equity based in Ghent, Belgium.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Ghent, Belgium
- **Region:** Europe
- **Address:** Ghent, Belgium
- **Founded:** 2023
- **Assets under management:** Undisclosed
- **Website:** wadcap.com
- **LinkedIn:** https://www.linkedin.com/company/93827266

## Regulatory record

- **Reports private funds:** No

## About

WAD Capital is an institutional search fund focused on European SME acquisition. It partners with executives to acquire established businesses in B2B services, energy transition, and healthcare, bridging the gap when founders retire. The firm evaluates entrepreneurial candidates and facilitates ownership transitions through capable CEOs, supported by family offices, institutional investors, and international entrepreneurs.

## Sectors

- B2B services, energy transition, and healthcare

## People

- Christopher Tournis Gamble — Managing Partner
- Etienne Van den Bogaert
- Antoine Fierens
- Jan Schüller
- Nina Bos
- Sammy Lasseel
- Mathieu Loquet
- Frédéric Schilling
- Guy-Louis de le Vingne
- Steven Bourgeois
- Thomas Muyldermans
- Ulrik Vercruysse
- Peter van den Steen
- Michaël Vandelaer
- Kristof Lemahieu

## Questions

### What types of transactions does WAD Capital pursue?

The firm targets buyout, growth, and succession situations in the Belgian lower mid-market. The core deal type is a majority acquisition from a founding owner seeking an exit, often coupled with a professionalization mandate — installing financial and operational discipline in a business that has outgrown its founder-led structure.

### How does WAD Capital source deals?

The firm's deal flow is relationship-driven, built on referrals from accountants, lawyers, and business owners in the Ghent-Flanders corridor and broader Belgium. In succession-heavy markets, origination favors buyers who have been visible and active locally over multiple years — a model that resists replication by larger, less embedded competitors.

### Does WAD Capital co-invest alongside other firms or limited partners?

WAD Capital has not disclosed its co-investment practices. As a lower-mid-market manager focused on majority control, typical practice in the region is to syndicate larger transactions selectively with like-minded local firms, but no specific co-investment partners are a matter of public record.

### Where does the underlying capital come from?

WAD Capital does not publicly disclose its limited partner base or capital structure. Regional firms of this profile are often backed by a mix of Belgian family offices, high-net-worth individuals, and occasionally institutional investors such as regional development funds or fund-of-funds focused on Benelux small-cap private equity.

## Related profiles

- [Waco Ventures Management](https://altss.com/profile/waco-ventures-management)
- [Waddell & Reed](https://altss.com/profile/waddell-reed)

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Last updated: 2026-08-11T15:08:32.892Z

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